Offshore wind is an energy generation source that has seen explosive global growth over the past decade. The offshore wind industry in the US has been developing at a more measured pace but had a landmark year in 2021, and we expect the same for 2022. Our Year in Review highlights the major US offshore
The Law off the Land: Why Offshore Wind Developers, Utilities, and Investors Should Give Early Consideration to Environmental Law Risks
U.S. offshore wind energy planning and development is front and center and accelerating at light speed. The Biden Administration announced a commitment to create 30 gigawatts of electricity via U.S. offshore wind by 2030. Congress provided a boost to offshore wind development late last year with a 30 percent investment tax credit to projects that
Testing times for the “Supplier of Last Resort” regime as UK gas prices continue to rise
Kwasi Kwarteng, UK Business and Energy Secretary is reported to have said on 20 September that “My task is to ensure that any energy supplier failures cause the least amount of disruption to consumers”.
Wholesale day-ahead gas prices in the UK are reported to have jumped some 9% on 20 September alone. The rise is as a result of a number of factors including increased demand in Asia, lower supplies of gas from Russia and increase in demand as countries emerge from lockdown restrictions and economies start to pick up once more.
Such rapid and significant price increases typically disproportionately impact smaller suppliers and indeed it is widely anticipated that a number of the smaller suppliers will fall into insolvency over the coming weeks and months. The specific process is unique to the energy industry.
UK Hydrogen Strategy: The Transition From Imagining to Building a Market
The UK’s Hydrogen Strategy landed this month, sending a strong message that the UK government is listening and willing to commit to private sector partners in order to reach short term and long term hydrogen market goals. However, the scale of the challenge remains huge, requiring the simultaneous development of hydrogen production capabilities and end
CCUS: A Summary of BEIS’ Cluster Sequencing for Carbon Capture Usage and Storage Deployment: Phase-1
This month the UK Government issued an updated timetable and submissions guidance for cluster sequencing for Carbon Capture Usage and Storage (CCUS) deployment. With this paper came a number of updates across its CCUS programme including:
- the CCS Infrastructure Fund (CIF);
- the Industrial CCUS Business Models;
- Power CCUS Business Models;
- T&S Business Models; and
UK Government Hydrogen Initiative
The UK has announced an ambitious target to achieve a net zero carbon economy by 2050. It is widely acknowledged both within the UK government and industry more broadly that hydrogen will play a key role in achieving this target. The potential role of hydrogen in the transport and heating sector is seen as particularly
UK to “Build Back Greener”
“Our seas hold immense potential to power our homes and communities with low-cost green energy”.
On 6 October 2020 the British Prime Minister announced a plan to allocate £160m towards the upgrade of ports and infrastructure in the UK with a view to the UK becoming a leader in clean wind energy. Further targets of